Hammer Asset Management LLC trimmed its holdings in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 0.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 37,840 shares of the pharmacy operator’s stock after selling 203 shares during the quarter. Walgreens Boots Alliance comprises 1.7% of Hammer Asset Management LLC’s investment portfolio, making the stock its 29th largest holding. Hammer Asset Management LLC’s holdings in Walgreens Boots Alliance were worth $2,069,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Comerica Securities Inc. increased its position in Walgreens Boots Alliance by 23.7% during the fourth quarter. Comerica Securities Inc. now owns 16,457 shares of the pharmacy operator’s stock valued at $1,124,000 after acquiring an additional 3,154 shares during the last quarter. Geode Capital Management LLC increased its position in Walgreens Boots Alliance by 7.8% during the fourth quarter. Geode Capital Management LLC now owns 11,529,136 shares of the pharmacy operator’s stock valued at $786,522,000 after acquiring an additional 834,241 shares during the last quarter. CWM LLC increased its position in Walgreens Boots Alliance by 9.2% during the first quarter. CWM LLC now owns 6,705 shares of the pharmacy operator’s stock valued at $424,000 after acquiring an additional 566 shares during the last quarter. Horan Capital Advisors LLC. purchased a new stake in Walgreens Boots Alliance during the first quarter valued at $25,000. Finally, Bartlett & Co. LLC increased its position in Walgreens Boots Alliance by 3.3% during the first quarter. Bartlett & Co. LLC now owns 25,121 shares of the pharmacy operator’s stock valued at $1,589,000 after acquiring an additional 803 shares during the last quarter. 62.03% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently commented on the company. ValuEngine upgraded Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a research report on Friday, June 28th. BidaskClub cut Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research report on Monday, June 24th. Bank of America reduced their price objective on Walgreens Boots Alliance from $53.00 to $51.00 and set an “underperform” rating for the company in a research report on Monday, June 3rd. Morgan Stanley set a $61.00 price objective on Walgreens Boots Alliance and gave the company a “hold” rating in a research report on Tuesday, May 14th. Finally, JPMorgan Chase & Co. reduced their price objective on Walgreens Boots Alliance from $74.00 to $73.00 and set an “overweight” rating for the company in a research report on Friday, June 28th. Six analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. Walgreens Boots Alliance has an average rating of “Hold” and a consensus target price of $63.82.
NASDAQ:WBA traded down $0.07 during mid-day trading on Thursday, hitting $50.83. 124,197 shares of the company traded hands, compared to its average volume of 4,729,427. The stock’s fifty day moving average price is $53.80 and its 200-day moving average price is $57.26. Walgreens Boots Alliance Inc has a one year low of $49.12 and a one year high of $86.31. The company has a quick ratio of 0.37, a current ratio of 0.76 and a debt-to-equity ratio of 0.49. The firm has a market cap of $46.20 billion, a price-to-earnings ratio of 8.44, a price-to-earnings-growth ratio of 1.28 and a beta of 0.81.
Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings results on Thursday, June 27th. The pharmacy operator reported $1.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.05. Walgreens Boots Alliance had a return on equity of 22.08% and a net margin of 3.53%. The business had revenue of $34.59 billion during the quarter, compared to analyst estimates of $34.52 billion. During the same quarter in the previous year, the company posted $1.53 earnings per share. Walgreens Boots Alliance’s revenue for the quarter was up .7% on a year-over-year basis. Equities analysts predict that Walgreens Boots Alliance Inc will post 5.99 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Tuesday, August 20th will be issued a dividend of $0.458 per share. This represents a $1.83 annualized dividend and a yield of 3.60%. The ex-dividend date is Monday, August 19th. This is a positive change from Walgreens Boots Alliance’s previous quarterly dividend of $0.44. Walgreens Boots Alliance’s payout ratio is currently 30.40%.
In other news, CAO Marco Patrick Anthony Pagni sold 215,323 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $50.48, for a total value of $10,869,505.04. Following the completion of the transaction, the chief accounting officer now owns 357,851 shares of the company’s stock, valued at $18,064,318.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 15.73% of the company’s stock.
About Walgreens Boots Alliance
Walgreens Boots Alliance, Inc operates as a pharmacy-led health and wellbeing company. It operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment sells prescription drugs and an assortment of retail products, including health, beauty, personal care, consumable, and general merchandise products through its retail drugstores and convenient care clinics.
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